Tag Archive for: irs penalty

Will You Owe Taxes On Your 2020 Unemployment Checks?

Extemded unemployment benefits provided much-needed relief to 40 million people in 2020, But Americans could be facing hefty tax bills in April if they didn’t realize unemployment benefits are taxable by the federal government and by some states. CLICK ON THE HEADLINE FOR MORE

Taking A CARES Act Retirement Plan Withdrawal? Prepare For This Tax Surprise

Taking a CARES Act withdrawal might see like a solid move, especially if money is tight and your borrowing options are limited. But if you do decide to take money out of your retirement plan this year, you may wind up with a tax headache on your hands. CLICK ON THE HEADLINE FOR MORE

Missing Key Tax Documents? Here’s What To Do

What happens if you sit down to tackle your taxes, only to find that you're missing key information you need to do them accurately?Here's how to get a hold of those important documents -- before time runs out. CLICK ON THE HEADLINE FOR MORE